What is Workiz?
Workiz offers a comprehensive software solution tailored for small to medium-sized, on-demand service businesses. Its platform addresses critical operational needs for industries such as locksmithing, junk removal, carpet cleaning, garage door repair, and appliance repair. By centralizing management and communication, Workiz empowers service providers to streamline operations, enhance customer service, and drive business efficiency. Founded in 2015 and headquartered in California, the company has established itself as a key player in digitizing the field service industry.
How much funding has Workiz raised?
Workiz has raised a total of $60M across 4 funding rounds:
Angel/Seed
$2M
Series A
$5M
Series B
$13M
Series C
$40M
Angel/Seed (2018): $2M with participation from Aleph
Series A (2019): $5M led by Magenta Venture Partners and Aleph
Series B (2021): $13M supported by Aleph, Magenta Venture Partners, Tmt Investments, Maor Investments LLC, and New Era Capital Partners
Series C (2021): $40M featuring New Era, G Squared, La Maison, and Lead Edge Capital Management
Key Investors in Workiz
Aleph
Aleph is an early-stage venture capital fund that partners with entrepreneurs to scale their companies into globally recognized brands. They invest across a wide range of sectors including fintech, transportation, shared economy, AI, and consumer applications.
G Squared
G Squared is a growth-stage venture capital fund manager that deploys a unique investment strategy to deliver top-quartile returns by providing transitional capital to portfolio companies.
Lead Edge Capital Management
Lead Edge Capital is a growth equity investment firm focused on investing in private and public software, internet, consumer, and tech-enabled services businesses on a global scale.
What's next for Workiz?
The recent major strategic investment signals Workiz's readiness for its next phase of growth. This capital will likely be deployed to enhance its software capabilities, expand its market reach, and potentially explore new service verticals. Given the company's focus on the fragmented field service sector, strategic acquisitions or partnerships could also be on the horizon. The ongoing investment underscores investor confidence in Workiz's business model and its potential to capture a larger share of the market through technological innovation and operational excellence.
See full Workiz company page
